business & market news
22
Tube Products International October 2012
TMK announces new appointments
TMK, a producer of tubular products for
the oil and gas industry, has appointed
Vladimir Oborsky as CEO of Trade House
TMK. He previously held the position
of senior vice president. Mr Oborsky
replaces Konstantin Semerikov, who
has taken up the position of TMK vice
president for project development.
Andrei Parkhomchuk has been
appointed senior vice president of Trade
House TMK. Mr Parkhomchuk joined
the company after working for MMK
Group, where he was responsible for
selling metal products of the Turkish
plant MMK Metalurji. Mr Parkhomchuk
previously headed metal products
sales at Metinvest Holding and Mechel.
“The management changes at Trade
House TMK have been carried out as
part of the company’s rotation plan for
executive personnel,” said Alexander
Shiryaev, TMK CEO. “The appointment
of Vladimir Oborsky to the position of
CEO of Trade House TMK is a natural
step. Mr Oborsky has had a long and
successful career in top positions at
TMK and Trade House. He is well-
versed in operational matters and in
working with the customers of our
products. Konstantin Semerikov in his
new position remains a member of the
company’s management board. He has
been entrusted with a new large project,
implementation of which is aimed at
strengthening the company’s position
as a global supplier of tubular products
for the oil and gas industry.”
TMK operates 24 production sites in the
USA, Russia, Romania and Kazakhstan,
and two R&D centres in Russia and the
USA. In 2011 TMK’s pipe shipments
totalled 4.23mn tonnes. The largest
share of TMK’s sales belongs to high
margin oil country tubular goods,
shipped to customers in 85 countries.
TMK
– Russia
Leavitt tube renamed
Leavitt Tube Company has been
renamed Maruichi Leavitt Pipe & Tube,
LLC. The change reflects the ownership
position of the company, which is 60
per cent owned by Maruichi Steel Tube
Ltd (MKK). The remaining 40 per cent
of the company is owned by Sumitomo
Corporation of America (SOCA).
Maruichi Leavitt Pipe & Tubewill continue
to be headquartered in Chicago. It
will have its own distinct logo and
identity, and will continue to produce
mechanical tubing and steel hollow
structural sections. The company also
plans on producing A53 Grade B Tested
Pipe and API 5L Specification Pipe after
upgrades to its largest structural tube
mill, the W80, are complete in the first
quarter of 2013. Leavitt Tube began
producing mechanical steel tubing in
1956. The company evolved into an
industry leader with one of the broadest
size ranges of structural, mechanical
and Hi-Y50 pipe-size tubing.
Headquartered in Chicago, Illinois,
it operated several tubing mills with
facilities in Chicago and Jackson,
Mississippi. In 2008, Maruichi Steel
Tube Ltd of Japan acquired a majority
interest in Leavitt Tube.
Maruichi Steel Tube, Ltd (MKK), founded
in 1947, has developed a global business
model by establishing manufacturing
companies in Japan, USA, Indonesia,
China, Vietnam and India. With over
$1.5bn in sales and total production of
more than 1.5mn tons of steel tubing,
Maruichi Steel Tube is one of the largest
manufacturers of welded steel tube.
Maruichi Leavitt Pipe & Tube, LLC
–
USA
Maruichi Steel Tube, Ltd
– Japan
Solvay completes sale of stake in Pipelife
Solvay has completed the sale of its
50 per cent stake in Pipelife, one of
the world’s leading suppliers of plastic
pipe systems, to Wienerberger.
For Solvay the deal represents an
enterprise value of around €257mn
for its 50 per cent stake, when taking
into account assumption of liabilities,
including pensions and other debt-
like items, for about €85mn.
Solvay received in total €172mn
in cash for the shares, including a
special dividend of €10mn. Pipelife
has 29 production plants, and is
headquartered in Vienna, Austria.
The company employs approximately
2,600 employees in 27 countries, and
realised around €800mn in sales in
2011.
Wienerberger is the world’s largest
brick producer (Porotherm, Poroton,
Terca) as well as the market leader
for clay roof tiles (Koramic, Tondach)
in Europe and for concrete pavers
(Semmelrock) in Central-East Europe.
In pipe systems (Steinzeug-Keramo
ceramic pipes and Pipelife plastic
pipes), the company is one of the
leading suppliers in Europe.
Solvay is an international chemical
Group committed to sustainable
development with a focus on
innovation and operational excellence.
It generates over 90 per cent of its
sales in markets where it is among the
top three leaders.
Solvay offers a broad range of products
for customers in markets such as
consumer goods, construction,
automotive, energy, water and
environment, and electronics.
Solvay
– Belgium
